Active Mixed AidData Chinese Aid

Chinese Government offers Thai Mobile telecom company B20 billion loan for upgrade to 3G communications

$20M USD

Funder	Unspecified Chinese Government Institution
Recipient Organization	TOT Public Company Limited
Country	Thailand
Start Date	Jul 01, 2007
End Date	Jun 13, 2029
Duration	8,018 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`35093`

Grant Description

China offers Thai Mobile telecom company B20 billion loan for upgrade to 3G communications In July 2007, the Chinese Government pledged to loan 20 billion Baht to Thai Mobile (TOT), a Thai telecommunications company, to upgrade their services to support 3G communications. Under the conditions of the loan, TOT would have to buy network equipment from Chinese vendors.

The loan would also have be repaid within 10-15-years.

Ultimately, the project does not seem to have materialized, as the loans for it were eventually arranged by Bank of Audhya PCL and United Overseas Bank (Thai).

📚 Sources & References

Thailand: TOT looks to China and Japan
Thailand: China offers Thai Mobile B20bn loan
Company Finance Alert - Thai Mobile Offered Chinese Aid
TOT awards $530m 3G network contract to units of Samart
Loxley
Loxley-Samart team win bid for TOT's nationwide 3G rollout
TOT to expand 3G cellular base stations
Thai state-owned TOT delays 3G auction to January
China offers $653m loan to ailing Thai Mobile
TOT to sign $484m loan to finance 3G network investment
Thai Mobile to receive Chinese aid? Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.

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TOT Public Company Limited

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Chinese Government offers Thai Mobile telecom company B20 billion loan for upgrade to 3G communications

Grant Description

📚 Sources & References

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